Last checked at 
21 Jul 2008 13:55
Foresight 4 VCT plc
Interim Management Statement for the Quarter Ended 31 May 2008
Foresight 4 VCT plc presents its interim management statement for the quarter ended 31 May 2008. This constitutes the company's first interim management statement for the financial year ending 28 February 2009, as required by the UK Listing Authority's Disclosure and Transparency Rule 4.3.
The unaudited net asset value (NAV) per ordinary share as at 31 May 2008 was 105.8p (29 February 2008: 110.2p). The Board is not aware of any significant events or transactions between the date of the NAV and the date of publication of this Interim Management Statement.
The Company continues to see strong deal flow in its core investment markets of environmental infrastructure and cleantech and small management buyouts and expects to make further investments in these areas in the coming months.
The number of ordinary shares in issue at 31 May 2008 was 23,542,766. During the three months ended 31 May 2008 787,662 were issued and no shares were re-purchased by the company for cancellation.
Net assets at 31 May 2008 comprised the following:
| £'000 | % of Net Assets | ||
| Unquoted Investments at fair value as determined by the Directors | 16,308 | 65.5 | |
| Quoted investments at bid price | 487 | 1.9 | |
| Total venture capital investments | 16,795 | 67.4 | |
| Net Current Assets | 8,113 | 32.6 | |
| Net Assets | 24,908 | 100.0 |
Quoted investments are carried at bid price as at 31 May 2008. Unquoted investments are carried at fair value as at 31 May 2008 as determined by the directors.
During the three months ended 31 May 2008 the following significant investment transactions took place (all companies unquoted except where otherwise indicated):
New and follow-on investments:
| Name of Company | Business Activity | Amount Invested £'000 |
| Lynwood* | Plastic building products | 250 |
| O-Gen | Developing combined heat and power plants | 210 |
| Advanced Visual Technology | Floor space management software | 200 |
| The Bunker Secure Hosting | Secure data centres | 119 |
| Closed Loop | Plastics recycling | 83 |
| OLED-T | Organic light emitting displays | 32 |
*New investment in the period.
Investment disposals:
| Name of Company | Business Activity | Original Cost £'000 | Proceeds £'000 |
| Utarget | Online advertising | 1,000 | 1,953 |
For further information please contact:
Gary Fraser, Foresight Group: 01732 471 800